
10 December 2024 | 9 replies
You lease should state a interest fee for unpaid balances.

7 December 2024 | 1 reply
Wages will also go up, and we will see a better labor/capital balance as we negotiate end-stage capitalism.

8 December 2024 | 7 replies
I just had a bank tell me that per new Fannie guidelines, the minimum down payment on a 3-4 unit is 20-25%, even if it is bought as a primary residence. Personally, I think they are wrong. I think they are just an ext...

7 December 2024 | 35 replies
Interest rates are in the 6's right now so that heavily affects any new calculations for DSCR than when you bought the property.A hope would be that as your loan comes do and gets closer hopefully interest rates fall some making potential extra payment less required from lender.
15 December 2024 | 5 replies
(Tedious process)Unlike my other properties, where most applicants meet the criteria and need to see the unit to decide if they like it, this particular unit appeals to almost everyone (In this demographic)—but many fail to meet the qualification requirements.

10 December 2024 | 4 replies
You'd need to come up with the seller's equity (the difference between the loan balance and the sales price).

19 December 2024 | 50 replies
I'll take a guess why Mike got an LLC: the lender required it for a commercial loan.

17 December 2024 | 1 reply
Nearly two years ago, I purchased a single-family home in River Forest, USA, which required extensive renovations.

16 December 2024 | 7 replies
But, in the long run you may be better off, as the house I purchased through them in Palm Bay has been a lemon, requiring one fix after another.

14 December 2024 | 6 replies
Here are the common exceptions:Relocation for Work: If your job requires you to move a significant distance from your current property (usually over 50 miles), you may qualify for a second FHA loan near your new workplace.Increase in Family Size: If your household has grown, and your current property no longer meets your family’s needs, you may qualify for a second FHA loan to purchase a larger home.Co-Borrower Separation: If you co-signed on an FHA loan and are no longer living in the property (e.g., after a divorce or separation), you may qualify for a second FHA loan for your primary residence.Non-Occupying Co-Borrower: If you were a co-signer but did not occupy the original property, you may qualify for another FHA loan as the primary borrower.Important Note: FHA guidelines typically require you to demonstrate that the current property will not meet your needs or is no longer feasible as your primary residence.2.